ID :
325577
Mon, 04/21/2014 - 12:38
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Program developed to grant herders housing loans

Ulaanbaatar /MONTSAME/ The Ministry of Industry and Agriculture has developed a ‘housing for herders’ program to improve living environment of herders. This program aims at secure incomes of herder families and thereby involvement of herders in housing program of the Government, say officers. Under the ‘Housing for Herders’ program, accounts will be created for herders to collect incomes from raw materials sale, thus meeting requirements of a housing loan program in a commercial bank. The program is expected to be carried out within 5-15 years, and needs 910 billion togrog according to estimation by the Ministry. Today, there are some 146 herder families in Mongolia, with 61% of them being in possession of 200-1,000 animals to earn annual incomes of MNT 4.8 million – MNT 51.6 million from the animals, a study of the Ministry reveals.

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